BB begins forex reporting as per IMF manual
Bangladesh Bank yesterday began publishing foreign currency reserves as per the International Monetary Fund’s BPM6 manual, in a move that will ensure that the country’s dollar stockpile is reported accurately.
13 July 2023, 18:00 PM
A new era dawns in trade with India
Bangladesh, India to begin bilateral trade in rupee from July 11
9 July 2023, 01:00 AM
Higher NPL burden for banking sector
The banking sector is burdened by a high non-performing loan (NPL) and will need to continue measures to beef up supervision and accelerate loan recovery, according to the Bangladesh Bank.
6 July 2023, 18:00 PM
Forex reserve rises past $31b
The country’s foreign exchange reserves rose past $31 billion yesterday after three multilateral lenders provided $925 million to Bangladesh.
26 June 2023, 18:00 PM
Extension of bank directors’ tenure: A huge blow to banking sector
Allowing directors to stay on for 12 years will deal a huge blow to the financial health of banks, which are already facing several crises, including a lack of corporate governance in recent years, say experts.
25 June 2023, 01:00 AM
Tight monetary policy, but is it enough?
On the surface, the monetary policy appears to be tuned to the need of the hour: bring down inflation and conserve reserves. But it comes caving down on careful reading.
19 June 2023, 01:00 AM
Can new monetary policy crush inflation?
The Bangladesh Bank may today raise its key interest rates to tame inflationary pressure but the attempt might go in vain since the monetary authority may not withdraw the interest rate cap on loans in a true sense.
17 June 2023, 18:00 PM
11 banks facing a capital shortfall of Tk 33,575cr
Eleven banks in Bangladesh faced a collective capital shortfall of Tk 33,575 crore in March, up 9.3 per cent from a quarter ago, in a reflection of their worsening financial health caused by persisting irregularities and lack of governance, central bank data showed.
16 June 2023, 02:00 AM
New cashless payment system in the offing
Bangladesh is moving one step closer to being a cashless society after the central bank gave the go-ahead to a
19 March 2018, 18:00 PM
BB asks Sonali to shutter its US exchange house
Bangladesh Bank has asked Sonali Bank to bring down the curtain on its loss-making exchange house in the US,
17 March 2018, 18:00 PM
Bad loans soared 20pc in 2017
Banks' default loans surged 19.51 percent in 2017, as the Bangladesh Bank's efforts to rein in bad loans are going to vain.
15 March 2018, 18:00 PM
ICB Islamic Bank hit by fresh liquidity crisis
ICB Islamic Bank has sought restructuring of the repayment package for depositors of its predecessor Oriental Bank
11 March 2018, 18:00 PM
Cash incentive rules flouted
Kuliarchar Sea Foods, a Cox's Bazar-based fish exporter, withdrew about Tk 19 crore in cash incentives from Mercantile Bank last year, violating government rules.
26 February 2018, 18:00 PM
Electronic KYC by June
Bangladesh Bank is set to introduce the electronic Know Your Customer (e-KYC) system under which bank accounts
26 February 2018, 18:00 PM
Trade deficit continues to widen
Trade deficit almost doubled to $8.62 billion in the first half of the fiscal year as fears of depreciation of the taka and pressure on
12 February 2018, 18:00 PM
Int'l trade to be more dynamic
Bangladesh Bank is set to upgrade the Bangladesh Automated Clearing House (BACH) in a bid to help businesspeople settle their local
11 February 2018, 18:00 PM
Import orders double in first half of fiscal year
Import orders almost doubled in the first half of the fiscal year thanks to bulk purchase for the Rooppur nuclear power plant.
10 February 2018, 18:00 PM
Agent banking spreads like wildfire in remote areas
Agent banking logged in stellar growth figures in 2017, just two years after full-fledged roll-out of the service, as people in remote
8 February 2018, 18:00 PM
Banks use expired credit ratings for lending
Many banks are allegedly using expired credit ratings of businesses while sanctioning loans to wriggle out of the regulatory
3 February 2018, 18:00 PM
Banks asked to speed up loan recovery
Bangladesh Bank yesterday expressed dissatisfaction over banks' sluggish recovery rate given the surge in non-
30 January 2018, 18:00 PM
Trade deficit may hit record $13b: BB
Trade deficit would hit a record $13 billion this fiscal year due to higher import payments against lower export
29 January 2018, 18:00 PM
BB may raise private sector credit growth
Bangladesh Bank is set to raise the private sector credit growth target to about 17 percent for the second half of the
28 January 2018, 18:00 PM
Defaulted Loan: Grows in long legal process
Aziz Pipes, a leading PVC pipe manufacturer, owes Tk 28.71 crore to Uttara Bank. The company took the loan between 1997 and 2003 from the bank's Motijheel corporate branch.
27 January 2018, 18:00 PM
Appetite for savings tools finally fading
Net sales of savings instruments crashed to a 23-month low in December last year as banks started to raise the interest rates
27 January 2018, 18:00 PM
Eight banks asked to cut spread
The Bangladesh Bank has instructed eight private banks to bring down their interest rate spread to less than 5
24 January 2018, 18:00 PM
Foreign funds in treasury bonds slump
Foreign investment in Bangladesh's treasury bonds shrank astronomically in the last two fiscal years on the back of the depreciating
18 January 2018, 18:00 PM
Current account deficit hits a 15-year high
The country's current account deficit reached a 15-year high in the first five months of the fiscal year on the back of
13 January 2018, 18:00 PM
BB asks banks to be tough on top defaulters
The top 20 defaulters account for 46 percent -- or Tk 32,432 crore -- of the total default loans in the banking sector, much to the
11 January 2018, 18:00 PM